During 2017, there have been 9,001 newly registered recruitment agencies, with the total number currently listed in the UK standing at 35,725.
The findings, carried out by specialist recruitment industry PR firm, ClearlyPR, used data from Companies House to confirm that there was an average 818 agencies formally established each month between the beginning of January and the end of November this year.
Paul MacKenzie-Cummins, Managing Director at ClearlyPR, said, “This pours cold water on the hypothesis that employer confidence is waning. In fact, the opposite would appear to be true.”
“Last year saw a doubling in the number of recruitment agencies that were founded in 2015, with the sharpest rise coming in the six months after the Brexit vote. Our research has shown that the momentum not only continued into 2017, it gathered pace.”
“The dramatic rise in new agencies being started over the last year is testament to the overwhelmingly positive mood within the recruitment industry.”
“Ambitious recruiters are not only seeing an increase in demand for the services of recruitment agencies, they’re taking advantage of favourable market conditions and the opportunity this presents for aspiring recruitment entrepreneurs.”
He added, “2016 was a landmark year for the Recruitment industry, yet 2017 has defied the expectations of even the most optimistic of forecasters.”
“To say that the Recruitment industry is resilient would be one of the greatest understatements of the year. It took a battering during the downturn only to emerge in stronger shape and since then it has grown to become the largest it has ever been – both in terms of the number of players operating in the market and revenues generated.”
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